Category Archives: Employment

Northern NJ shuts out warehouses

From the Real Deal: Warehouses banned in 400,000 acres of North Jersey The New Jersey Highlands Region won’t be high on industrial developers’ list anymore. The state’s Highlands Council prohibited warehouse development in 398,000 acres of the 860,000-acre region, NorthJersey.com reported. … Continue reading

Posted in Demographics, Employment, New Development, New Jersey Real Estate | 132 Comments

Paycheck to Paycheck

From the Record: Report: 37% of working families in NJ struggled to make ends meet during COVID pandemic A new report shows that 37% of New Jersey households — 1.3 million families — were not able to afford basic necessities … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 65 Comments

Big Discount?

From the Star Ledger: More N.J. homes are selling below asking price List price and what buyers actually paid for a home in New Jersey have been wildly different for the past few years. Bidding wars that drove up sales … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 82 Comments

NJ adds 4,600 jobs in Feb

From the NJ Department of Labor and Workforce Development: NJ’s Strong Labor Market Continues in February New Jersey continued to experience a strong labor market, preliminary estimates produced by the U.S. Bureau of Labor Statistics show, with 4,600 nonfarm jobs … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 116 Comments

Post Pandemic Job Recovery

From the State of NJ: Updated Labor Data: New Jersey Experienced Higher Employment Growth Over Past 2 Years Than First Reported TRENTON – The state’s job market performed better than initially estimated over the past two years, with 34,000 additional jobs … Continue reading

Posted in Economics, Employment, New Jersey Real Estate | 114 Comments

NJ Economic Outlook

From Charles Steindel at the Steve Sweeny Center for Public Policy at Rowan: Multi-Year Budget Workgroup: New Jersey Economic Outlook New Jersey’s economy did well in 2022, setting new highs in jobs, output, and income, generally matching or exceeding growth in … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate | 90 Comments

Finally, prices fall…

From the NY Post: US home prices just did something they haven’t done since 2012 US home prices in February posted their first year-over-year decline in more than a decade as surging mortgage rates put the squeeze on the market. … Continue reading

Posted in Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 55 Comments

The mighty will fall

From the NY Post: Home prices set for double-digit plunge in major Western US cities: Goldman Sachs Four US cities that experienced housing booms during the COVID-19 pandemic are set for major declines in home prices by the end of next year, … Continue reading

Posted in Economics, Employment, Housing Bubble, Mortgages, National Real Estate | 54 Comments

But Murphy said we should be happy to pay

From Patch: Wyckoff Rep. Sounds Alarm On ‘Exodus’ Of Jobs, People From New Jersey Fifth District Rep. Josh Gottheimer is sounding the alarm on what he said is an “exodus” of jobs and people from New Jersey. In his State … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, Politics | 35 Comments

Who needs to buy?

From NJ1015: Here’s where millionaires choose to rent in New Jersey There are over 100 millionaires that rent in one city in New Jersey. If you’ve been paying any attention at all to real estate and building trends in this … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 96 Comments

Sorry buyers…

From Bloomberg: Buyers Are Flocking to NYC’s Suburbs. Too Bad There Aren’t Many Homes to Sell. In the midst of the worst US housing slump in a decade, a wave of finance and tech layoffs and drumbeats of a potential recession, … Continue reading

Posted in Demographics, Economics, Employment, New Jersey Real Estate, NYC | 103 Comments

Jobs Day!

From the NYT: January Jobs Report – Pace of U.S. Hiring Expected to Slow Again The government will provide its latest snapshot of the labor market on Friday, and economists expect it to show that January was another month of … Continue reading

Posted in Economics, Employment, National Real Estate | 149 Comments

Sorry West

From the Washington Examiner: Huge hit to home prices in west in 2023, Goldman warns: Phoenix, SF, Seattle Houses in several overheated cities in the western United States will see massive price declines in 2023, researchers at Goldman Sachs predict. In a report … Continue reading

Posted in Demographics, Economics, Employment, Housing Bubble, National Real Estate | 79 Comments

Worst behind us?

From the NY Post: Here’s when US home price declines could end, Goldman Sachs says The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage … Continue reading

Posted in Demographics, Economics, Employment, Housing Recovery, Mortgages, National Real Estate | 120 Comments

Landlords making Newark unaffordable?

From Patch: Corporations Own Most Of Newark’s Homes. New Laws Are Pushing Back It wasn’t long ago that a study from the Rutgers Center on Law, Inequality and Metropolitan Equity made a startling claim about home ownership in New Jersey’s largest city: … Continue reading

Posted in Economics, Employment, New Jersey Real Estate, Politics | 130 Comments